Since 1996, UTIMCO has been responsible for the investment management of the LTF. UTIMCO's sole purpose is the management of investment assets under the fiduciary care of the UT Board of Regents. UTIMCO is governed by a nine-member Board of Directors appointed by the UT Board of Regents. The UTIMCO Board of Directors includes three members of the UT Board of Regents, the Chancellor of The University of Texas System, and five independent investment professionals, one of whom is recommended by the Board of Regents of The Texas A&M University System. Annual and quarterly information, including the audited financial statements of the LTF, are available to the public via UTIMCO's website at www.utimco.org.